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From Alibaba to Tencent, Chinese companies buying up the world

Huge Chinese businesses spending big bucks overseas
Italian fashion industry owned by Chinese businesses
ICBC bought a stake in South Africa's Standard Bank
Chinalco bought a stake in mining giant Rio Tinto
COSCO invested in Greek port Piraeus
Beijing Automotive Group has stakes in multiple international car businesses
China Minmetals owns OZ Minerals in Australia
CNPC bought a stake in Iraq's Rumaila oilfield
Sinopec bought Swiss-owned oil company Addax Petroleum
Sinopec also bought a stake in Spanish energy company Repsol's Brazilian unit
Swedish car company Volvo acquired by China's Zhejiang Geely Holding Group
Major American movie theatres now Chinese-owned
CNOOC bought Canadian oil and gas company Nexen
Chinese companies making inroads into the US pork industry
London's black taxis are Chinese-owned
CNPC bought a stake in a Kazakhstani oil and gas company
China Minmetals, Suzhou Guoxin and CITIC bought Peru's Las Bambas copper mine
China Life Insurance Company has bought up foreign real estate
ChemChina and SAFE bought Italian tyre company Pirelli
CGN bought Malaysian energy company Edra
Anbang bought American company Strategic Hotels & Resorts... but wants to sell it
HNA bought Irish aircraft leasing company Avolon
Chinese firm takes over American appliance manufacturer
HNA bought American company CIT Group's aircraft leasing business
ChemChina and China Reform Holdings bought Swiss agrochemicals and seed company Syngenta
CIC bought pan-European warehouse company Logicor
Vanke, Hopu, Hillhouse and Bank of China bought a major stake in Singaporean warehouse company GLP
China Southern Power has energy stakes around the world
CEEC, PowerChina and Sinopec's invested in Nigeria's Mambilla Power Station
Alibaba buys German big data start-up Data Artisans
Huawei bought Russian security firm worth $50m in June last year
China Development Bank Leasing acquires LNG vessel
Major Chinese engineering company buys Spanish engineering firms
Chinese state-owned engineering company buys stake in first European firm
China State Grid Corporation buys Oman electricity company
China Mobile bought a 20% stake in AsiaInfo
Tencent buying stakes in large gaming companies
Chinese government buys stake in Norwegian Air
Chinese railway firm buys majority stake in Spanish engineering company
Zijin Mining acquires Guyana Goldfields
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Pajor Pawel/Shutterstock

Huge Chinese businesses spending big bucks overseas

China's interest in owning global businesses goes back to 1999 when it introduced its Go Out Policy, which gave financial incentives to invest overseas. And after the 2008 financial crisis many struggling businesses around the world turned to Chinese investors in order to survive. Now that the coronavirus pandemic has driven many of the world's countries into recession, some nations have aired concerns about overseas ownership of domestic companies, fearing that Chinese state-owned and state-linked enterprises could exploit the forthcoming economic crisis. As relations between Western countries and China have been strained of late, notably because of the US-China trade war and China's actions in Hong Kong, these worries have become even more pronounced. Click or scroll through to find out more about China's moves into Western countries and companies over the years. All dollar values in US dollars.

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lovemoney staff

17 July 2020

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